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Bank Standard posts 5% growth in assets

Bank Standard posts 5% growth in assets

19 November 2008 14:09 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of November 1, Azerbaijan-based Bank Standard posted its assets at AZN 652.6 million, up 5.3% on a year ago.
The bank said loan portfolio increased by 7.7% to AZN 435.3 million, deposit portfolio rose by 36.5% to AZN 174.3 million, total capital grew by 30% to AZN 89.7 million and authorized capital went up 29.1% to AZN 64.6 million.
For January-October, revenue rose 75.7% to AZN 93 million and expenditures increase 92.2% to AZN 60.6 million.
The bankâ€™s profit fell 42.1%, year-over-year, to AZN 12.597 million.
The bank established 5 branches, 10 ATMs and 167 POS terminals over the past one year.
Bank Standard, owned by AB Standard, has been in operation since 1995.
It operates 16 branches, 48 ATMs and 250 POS terminals across the country.

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